Though it doesn’t paint the whole picture, financial capital represents a whole lot of the influence behind economic mobility. The last, and most obvious, installment in our analysis of economic capital’s effect on realizing the American Dream explores financial capital. Financial Capital: The zeroes in your savings account In the context of intergenerational mobility, referring … Continue reading Financial Capital: Moving Up The Ladder In The Modern Economy
What The Rate Hike Means For Us
The silver fox may come bearing gifts this holiday season, as the Fed will (probably) increase the mother of all interest rates—the federal funds rate. In an attempt to save the economy from the financial crisis of 2008, the Fed dropped the federal funds rate down to effectively zero. For close to seven years, the … Continue reading What The Rate Hike Means For Us